Varun Lohchab, Regional Head of Consumer, CIMB Equities is not enthused by the volume growth reported in Q2 results by Emami. He finds the valuations of the stock expensive.
Varun Lohchab, Regional Head of Consumer, CIMB Equities is underweight on the Indian consumer sector. In an interview to CNBC-TV18 he said that the consumption space will take some time to bounce back and an uptick will only happen in FY16.
He further added that festive season demand has been not great and there has been no material pick-up. Lohchab is not surprised by the slowdown in earnings reported by companies in this sector.
On specific stocks, CIMB maintains a reduce rating on GCPL since risk- reward is not favourable. It recommends buying Jubilant Foodworks on every dip as a recovery expected n FY16. However, it has downgraded watch-to-jewellry maker Titan to hold.
Lohchab's preferred picks in consumer space remain Britannia and Marico .
Transcript to follow shortly
Anda sedang membaca artikel tentang
Underweight on consumers; bet on Britannia, Marico: CIMB
Dengan url
https://segarsaries.blogspot.com/2014/11/underweight-on-consumers-bet-on.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Underweight on consumers; bet on Britannia, Marico: CIMB
namun jangan lupa untuk meletakkan link
Underweight on consumers; bet on Britannia, Marico: CIMB
sebagai sumbernya
0 komentar:
Posting Komentar